Single Family Lot - Basalt, CO 18 Acres of pure splendor! This incredible homesite located in the heart of Basalt's Frying Pan Valley is just 5 miles from downtown Basalt, and offers some of the most dramatic views in the Valley. You can see for miles both up and down the Frying Pan Valley and over the Frying Pan River. There are 4 well permits in place on the property and numerous locations to site your estate. Recent improvements include architectural plans, entry monument as well as fencing around the entire property. There are no covenants and no HOA dues. Enjoy snowmobiling, horseback riding, mountain biking, hiking and fishing right out your door. Ruedi Reservoir is less than 10 miles away where you can boat, sail or paddle board.